Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
December 16, 2021 04:30 pm GMT

India Next in Line With Incentives for Chip Makers

Over the past couple of months there have been a lot of calls for more investment into the semiconductor industry due to the current shortage of many different kinds of semiconductors. As we've seen, several government organizations have already started working on how to woo chip makers to their part of the world and the latest nation to join the fray is India.

Unlike the US and the EU where so far no firm budgets have been approved, India has already approved a US$10 billion incentive plan for semiconductor, as well as display panel manufacturers who are willing to consider India as the next location for their new fabs. According to Reuters, the Indian government is said to cover up to 50 percent of the project cost of new semiconductor and display panel fabs. So far it seems like at least three companies are interested in the scheme for semiconductor manufacturing, namely Tower Semiconductor out of Israel, Foxconn and an unnamed Singaporean consortium.

Original Link: https://www.techpowerup.com/289974/india-next-in-line-with-incentives-for-chip-makers

Share this article:    Share on Facebook
View Full Article

TechPowerUp

Leading tech publication

More About this Source Visit TechPowerUp